USDA Report Expectations
Will tomorrow’s USDA Supply and Demand report move the market? Here are the expectations.
In the overnight session corn soybeans and wheat are all trading slightly lower with corn down 1 ½ cents, soybeans down 1 ¼ cents and wheat down 3 ¼ cents. The U.S. Dollar index and crude oil are both trading higher this morning. Today the market will be positioning for the release of the...[Read More]
Weekly Wrap Up
Tune in for a review of Tuesday's rally and hear Cody break down nationwide basis changes.
Weekly Cash Comments
Weekly Market Wrap Up February 06, 2015
Grain basis was mostly stronger on the week even with futures prices trying to rebound off of recent lows. For the week ending February 5, spot corn basis was up 1 cent a bushel while spot bean bids advanced 2 cents on the week.
For corn, the action in basis continues be mostly playing out...[Read More]
Grains were higher in the Overnight
Wheat led the advance while corn and soybeans also came in higher.
Grains were higher overnight led by wheat which posted a 5-cent advance; corn was up 2 while soybeans came in 3-cents higher.
Wheat has found continued support thanks to news Egypt’s GASC may be in the market for US-only SRW wheat. However, the decision to buy US-only wheat may not be...[Read More]
Export Sales Helping Grain Prices?
Tune in to hear Cody break down the export sales report and discuss Egypt wheat tenders.
Are todays export sales enough to fuel higher prices
Export sales this morning were mixed, will they be enough to fuel higher prices?
In the overnight session corn is up 1 ¾ cents, soybeans is up 5 ¼ cents and wheat is trading 5 cents higher.
Export sales were mixed this morning with soybeans booking 489,700 metric tons this week which was on the high side of analyst expectations. Soybean sales fell 35 percent week...[Read More]
Grains Slide Back
Cody discusses ethanol production numbers, export sales expectations and what drove the markets lower.
Grains Pause in a Slow overnight trade
Will grains continue to rise? Or is this a golden opportunity for producers to take advantage of sharply higher prices following Tuesdays rally?
In the overnight session corn is down 2 ¼ cents, soybeans are down 5 ¾ cents, but wheat has been able to hold onto overnight gains of 2 ¼ cents. The dollar index has found some support in the overnight and turned back higher while crude oil turned lower on news that crude stocks rose more...[Read More]
Did Grain Prices Fundamentally Change?
Cody breaks down today's move and weighs in on what he thinks is the best way to react.
Wheat conditions mixed across the Plains
The state level winter wheat conditions reports showed mixed conditions by state. Light snow cover and lack of precipitation damaged some states while others managed to improve crop conditions over last month.
In the overnight session the grains bounced sharply with corn up 4 ½ cents, soybeans up 11 ¼ cents and wheat up 6 ¼ cents after falling during yesterday’s trade session. Precipitation is still expected in the northern part of Brazil’s growing region which will help reduce some of the dry...[Read More]